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AssetMark Closes Acquisition of US Investment Adviser Global Financial Private Capital.

MANews-(C)2009-2019

23 April 2019 - US-based investment and consulting solutions provider AssetMark Financial, Inc. has closed on its acquisition of Global Financial Private Capital, the firm said.

Terms of the deal were not disclosed.

Global Financial Private Capital, LLC is an investment adviser registered with the Securities and Exchange Commission and will operate as an affiliate of AssetMark, Inc.

AssetMark, ab investment adviser registered with the Securities and Exchange Commission, is an independent provider of innovative investment and consulting solutions serving financial advisors.

The firm provides investment, relationship and practice management solutions designed to make a difference in the lives of advisors and their clients.

AssetMark, Inc., including its Savos and Aris divisions, has more than USD 49bn in assets on its platform as of March 31, 2019 and a history of innovation spanning more than 20 years.

RBC Capital Markets served as exclusive financial advisor to Global Financial Private Capital in this transaction.

Country: USA

Sector: Banking/Financial Services

Target: Global Financial Private Capital

Buyer: AssetMark Financial, Inc

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Apr 23, 2019
Words:191
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